Common use of Death of the Employee Clause in Contracts

Death of the Employee. In the event that the Employee shall die during the Term of this Agreement, the Employee's employment with the Company shall immediately cease and terminate and the Employee's estate, heirs (at law), devisees, legatees or other proper and legally entitled descendants, or the personal representative, executor, administrator or other proper legal representative on behalf of such descendants, shall be entitled to receive and be paid solely the Employee's salary through the date of death, and the Company shall have no further liability or other obligation of any kind whatsoever to the Employee.

Appears in 11 contracts

Samples: Employment Agreement (Unicapital Corp), Employment Agreement (Unicapital Corp), Consulting Agreement (Unicapital Corp)

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Death of the Employee. In the event that the Employee shall die during the Term of this AgreementTerm, the Employee's employment with the Company shall immediately cease and terminate and the Employee's estate, heirs (at law), devisees, legatees or other proper and legally entitled descendants, or the personal representative, executor, administrator or other proper legal representative on behalf of such descendants, shall be entitled to receive and be paid solely the Employee's salary through the date of death, and the Company shall have no further liability or other obligation of any kind whatsoever to the EmployeeEmployee hereunder.

Appears in 2 contracts

Samples: Employment Agreement (Chancellor Corp), Employment Agreement (Chancellor Corp)

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